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Pan American Silver
(TSX:PAAS)
Pan American Silver (PAAS) vs. iShares MSCI Canada ETF (EWC)
Pan American Silver Business Overview & Revenue Model
Pan American Silver Earnings Call Summary
Pan American Silver Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.12B | 2.82B | 2.32B | 1.49B | 1.63B | 1.34B |
| Gross Profit | 877.30M | 548.50M | 214.60M | 48.36M | 367.94M | 360.18M |
| EBITDA | 1.41B | 1.05B | 476.80M | -7.18M | 554.87M | 554.20M |
| Net Income | 522.66M | 111.50M | -103.70M | -340.06M | 97.43M | 177.88M |
Balance Sheet | ||||||
| Total Assets | 7.36B | 7.20B | 7.21B | 3.25B | 3.52B | 3.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.11B | 887.30M | 440.90M | 142.34M | 335.27M | 279.06M |
| Total Debt | 820.70M | 803.30M | 801.60M | 226.84M | 45.86M | 33.56M |
| Total Liabilities | 2.39B | 2.49B | 2.44B | 1.05B | 882.58M | 828.04M |
| Stockholders Equity | 4.96B | 4.70B | 4.76B | 2.20B | 2.63B | 2.60B |
Cash Flow | ||||||
| Free Cash Flow | 680.23M | 400.80M | 71.20M | -242.78M | 148.63M | 283.76M |
| Operating Cash Flow | 969.44M | 724.10M | 450.20M | 31.91M | 392.11M | 462.31M |
| Investing Cash Flow | 5.68M | -32.60M | 397.90M | -255.40M | -186.66M | -83.92M |
| Financing Cash Flow | -230.50M | -225.20M | -551.80M | 52.97M | -85.91M | -329.59M |
Pan American Silver Technical Analysis
Pan American Silver Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $20.85B | 24.46 | 10.91% | 1.20% | 24.68% | ― | |
| ― | $3.56B | 15.32 | 11.63% | ― | 13.55% | 5720.77% | |
| ― | $8.76B | ― | 0.76% | 0.16% | 66.45% | 92.96% | |
| ― | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
| ― | ― | ― | ― | ― | ― | 73.65% | |
| ― | C$2.43B | 152.08 | -3.11% | ― | 130.83% | -208.57% | |
| ― | $4.28B | ― | -3.52% | ― | ― | -16.28% |
Pan American Silver Corporate Events
On October 14, 2025, Pan American Silver Corp. announced that it will release its unaudited financial results for the third quarter of 2025 after market close on November 12, 2025. A conference call and webcast are scheduled for November 13, 2025, to discuss these results. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and operational progress, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (TSE:PAAS) stock is a Buy with a C$62.00 price target. To see the full list of analyst forecasts on Pan American Silver stock, see the TSE:PAAS Stock Forecast page.
Pan American Silver Corp. announced its estimated mineral reserves and resources as of June 30, 2025, reporting significant quantities of silver and gold. The company’s exploration program at La Colorada has successfully replaced production and added new high-grade silver zones, enhancing the life of its operations. The recent acquisition of MAG Silver Corp. has not been included in this report, but it adds substantial interests in the Juanicipio silver mine and other projects, potentially impacting future resource estimates.
The most recent analyst rating on (TSE:PAAS) stock is a Buy with a C$36.00 price target. To see the full list of analyst forecasts on Pan American Silver stock, see the TSE:PAAS Stock Forecast page.
Pan American Silver Corp. has announced the discovery of multiple high-grade silver zones at its La Colorada mine in Zacatecas, Mexico, as part of its ongoing exploration efforts. The new drill results indicate potential for significant expansion of silver mineral resources, which could extend the mine’s life and improve its economic viability. The discoveries, particularly in the San Geronimo and Cristina zones, highlight opportunities for further resource expansion and underscore the company’s strong positioning in the silver mining industry. This development is expected to have positive implications for the company’s operations and stakeholders.
The most recent analyst rating on (TSE:PAAS) stock is a Hold with a C$45.00 price target. To see the full list of analyst forecasts on Pan American Silver stock, see the TSE:PAAS Stock Forecast page.
Pan American Silver Corp. has completed its acquisition of MAG Silver Corp., enhancing its position as a top silver producer. This transaction adds a 44% joint venture interest in the high-grade Juanicipio silver mine in Mexico and full ownership of the Larder and Deer Trail exploration projects. The acquisition is expected to significantly boost Pan American’s silver reserves, production, and cash flow, while also welcoming MAG shareholders to a larger, diversified silver and gold producer. The MAG shares will be delisted from the Toronto Stock Exchange and NYSE American, and Pan American is applying for MAG to cease being a reporting issuer under Canadian securities laws.
The most recent analyst rating on (TSE:PAAS) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on Pan American Silver stock, see the TSE:PAAS Stock Forecast page.
On August 25, 2025, Pan American Silver Corp. announced that the Mexican Federal Economic Competition Commission (COFECE) approved its acquisition of all issued and outstanding shares of MAG Silver Corp. The arrangement is expected to be completed by September 4, 2025, with MAG shareholders having until August 27, 2025, to choose between cash or a combination of cash and Pan American shares. This acquisition is significant for Pan American as it strengthens its position in the precious metals market, particularly in the Americas, and offers potential growth opportunities for stakeholders.
The most recent analyst rating on (TSE:PAAS) stock is a Buy with a C$51.00 price target. To see the full list of analyst forecasts on Pan American Silver stock, see the TSE:PAAS Stock Forecast page.
Pan American Silver Corp. has received approval from the Mexican Federal Economic Competition Commission for its acquisition of MAG Silver Corp., with the arrangement expected to be completed by September 4, 2025. This acquisition involves Pan American acquiring all outstanding common shares of MAG Silver, with shareholders having the option to receive cash or a combination of cash and Pan American shares. This strategic move is likely to enhance Pan American’s market position in the silver mining industry, while offering MAG shareholders a lucrative exit or investment opportunity.
The most recent analyst rating on (TSE:PAAS) stock is a Buy with a C$34.00 price target. To see the full list of analyst forecasts on Pan American Silver stock, see the TSE:PAAS Stock Forecast page.
Pan American Silver Corp., a leading producer of silver and gold, operates mines across the Americas and is known for its sustainable practices and operational excellence. The company recently reported record net earnings of $189.6 million for the second quarter of 2025, alongside a 20% increase in dividends. Key financial highlights include a revenue of $811.9 million, silver production of 5.1 million ounces, and gold production of 178.7 thousand ounces. The company also reported a record free cash flow of $233.0 million and a cash balance of $1.1 billion. Strategic announcements include the acquisition of MAG Silver Corp., expected to significantly boost silver production and reduce costs. Looking ahead, Pan American Silver maintains a positive outlook for 2025, reaffirming its production and cost guidance, with expectations of increased gold production in the latter part of the year.
Pan American Silver’s recent earnings call revealed a generally positive sentiment, highlighting strong financial performance and strategic initiatives. The company celebrated record revenue and free cash flow, bolstered by the acquisition of MAG Silver and an increase in dividends. However, challenges in gold production and delays in the Escobal consultation process were noted as operational hurdles.
On August 6, 2025, Pan American Silver Corp. reported its unaudited second-quarter results for 2025, highlighting record net earnings of $189.6 million and a 20% increase in dividends. This financial performance underscores the company’s strong operational efficiency and strategic positioning within the mining sector, potentially benefiting stakeholders through increased returns and market confidence.
The most recent analyst rating on (TSE:PAAS) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Pan American Silver stock, see the TSE:PAAS Stock Forecast page.
Pan American Silver Corp. announced the appointment of Pablo Marcet to its Board of Directors on August 6, 2025. Marcet brings over 35 years of international mining experience, particularly in Latin America, and his appointment aligns with the company’s Board renewal strategy. His expertise in geology, environmental stewardship, and mine operations is expected to enhance Pan American’s governance and operational excellence, supporting its disciplined growth and long-term value creation.
The most recent analyst rating on (TSE:PAAS) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Pan American Silver stock, see the TSE:PAAS Stock Forecast page.